Basis and Holding Period for Stock Received As a Gift in 2024 with Successful Portfolios LLC.

basis-and-holding-period-for-stock

Here’s how to report on your tax return the cost basis and holding period for appreciated stock you sold and that you had acquired as a gift (not inheritance):
  1. “What if I sell property that has been given to me?  The general rule is that your basis in the property is the same as the basis of the donor. “   IRS.GOV LINK
  2. “If you receive a gift of property … your holding period is considered to have started on the same day the donor’s holding period started.”  IRS.GOV LINK

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